In the latest trading session, T-Mobile (TMUS) closed at $126.55, marking a -1.55% move from the previous day. This move lagged the S&P 500's daily loss of 0.38%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, lost 4.19%.
Heading into today, shares of the wireless carrier had lost 9.5% over the past month, lagging the Computer and Technology sector's gain of 11.14% and the S&P 500's gain of 3.78% in that time.
Wall Street will be looking for positivity from T-Mobile as it approaches its next earnings report date. On that day, T-Mobile is projected to report earnings of $1.70 per share, which would represent year-over-year growth of 18.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.33 billion, down 1.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $79.1 billion. These totals would mark changes of +235.44% and -0.6%, respectively, from last year.
Any recent changes to analyst estimates for T-Mobile should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.62% lower. T-Mobile currently has a Zacks Rank of #3 (Hold).
Digging into valuation, T-Mobile currently has a Forward P/E ratio of 18.6. This represents a no noticeable deviation compared to its industry's average Forward P/E of 18.6.
We can also see that TMUS currently has a PEG ratio of 0.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Wireless National stocks are, on average, holding a PEG ratio of 1.26 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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